The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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Trenton NJ, The Republican members of the Senate Budget & Appropriations Committee called on the Democrat Majority to immediately release explanations for the hundreds of line items that were added to the FY 2024 State Budget in the hours before its adoption.
Continue reading Democrats’ “Crazy Eddie” Budget Resolutions Costing Taxpayers Billions
Transportation Trust Fund or Transportation Slush Fund?
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Trenton NJ, Senator Declan O’Scanlon questioned why the Murphy administration plans on issuing $750 million in high-interest debt with interest-only payments for a decade when the State has billions sitting unallocated in its debt defeasance and prevention fund.
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Trenton NJ, Republicans serving on the Senate Budget & Appropriations Committee proposed $8 billion of new tax relief, increasing the state surplus to $5 billion, more than doubling proposed debt repayments, and increasing legislative oversight of Murphy administration spending in a detailed budget plan (click here for PDF) to amend Governor Murphy’s proposed FY 2023 State Budget.
Continue reading Republicans Propose $8 billion of New Tax Relief for New Jersey Working Families
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Trenton NJ, on the three-month anniversary of the State receiving $6.2 billion in COVID relief funding from the federal government, the four Republican members of the Senate Budget & Appropriations Committee today called on the Murphy Administration to stop the foot-dragging and put the money to work helping residents, as it was intended.
the staff of the Ridgewood blog
Trenton NJ, Republican members of the Senate Budget & Appropriations Committee called for a windfall of State tax revenues to be returned to New Jersey taxpayers after the State Treasury revealed billions in unexpected revenues that isn’t needed to balance the budget or meet important priorities.
The Republican members of the Senate Budget Committee called for a windfall of State tax revenues to be returned to New Jersey taxpayers.
Continue reading NJ State Senate Republicans Propose Returning $4 Billion to New Jersey Taxpayers
the staff of the Ridgewood blog
Trenton NJ, The Republican members of the Senate Budget & Appropriations Committee responded to a revenue update from the Murphy administration showing a massive $5 billion increase in State revenues during FY 2021 and FY 2022, well beyond what legislators were told to expect. Combined with nearly $6.5 billion in federal relief funds sent to New Jersey, the Murphy administration now has $11.5 billion in cash and absolutely no plan to use it to help New Jersey.
the staff of the Ridgewood blog
Trenton NJ, The Senate Budget & Appropriations Committee has advanced legislation sponsored by Senate Republican Budget Officer Steven Oroho and Senate Budget Chairman Paul Sarlo that would begin to address concerns that New York is unfairly taxing former New Jersey commuters who have been working from home in the Garden State during the pandemic.
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Allamuchy NJ , Senator Steven Oroho said that a regulation proposed by the Internal Revenue Service that would derail an attempt to sidestep the recently enacted $10,000 cap on the federal deduction for state and local taxes highlights the need to advance major reforms to lower the cost of government in New Jersey.
